I think i have a plan, INPUT please DMP
Date: Sun, 10/09/2011 - 19:33
nearly all of my 14 cards were approaching 100 days overdue, in addition to the nearly $1000's of dollars in overdrafts fees I was paying the last couple of months. I really didn't know what I was going to do.
I recently made a little money, (a roommate) perfect!
I dont have anywhere close to negotiate a settlement so DMP seemed perfect. I called each creditor and explained my situation, and here is it is.
Oh, my bank account closed, it took nearly a week to get my money, but i managed. I was able to get a 2nd chance checking at woodforest bank (wonderful peope!!)
I'm not only caught up , I paid some long overdue accounts, got some household items, at dollar store :)
I'm just wondering about doing a DMP, is there a better way than doing it myself? CCCS???
5 years seems like a lot longer but better than the original 30 years ha!
Debt Balance DMP INT 1st payment monthy payment southwest visa 3892 yes 6% 240 79 marriot visa 2894 yes 6% 196 55 Chase VIsa(bal tx)/slate 4218 yes 6% 160 84 Discover 5446 yes 9% 188 120 Discover business 1427 yes 9%
commerce bal trans 5149 yes 6% 168
Citi AmEX 10580 yes 0 212
Citi Mastercard 0595 9166 yes 6% 185
Gap VISA 2504 yes 6% 85
american eagle 225 current
gordmans 800 current
tires plus 450 current
lending club 511 current
amex delta 991 current
I recently made a little money, (a roommate) perfect!
I dont have anywhere close to negotiate a settlement so DMP seemed perfect. I called each creditor and explained my situation, and here is it is.
Oh, my bank account closed, it took nearly a week to get my money, but i managed. I was able to get a 2nd chance checking at woodforest bank (wonderful peope!!)
I'm not only caught up , I paid some long overdue accounts, got some household items, at dollar store :)
I'm just wondering about doing a DMP, is there a better way than doing it myself? CCCS???
5 years seems like a lot longer but better than the original 30 years ha!
Debt Balance DMP INT 1st payment monthy payment southwest visa 3892 yes 6% 240 79 marriot visa 2894 yes 6% 196 55 Chase VIsa(bal tx)/slate 4218 yes 6% 160 84 Discover 5446 yes 9% 188 120 Discover business 1427 yes 9%
commerce bal trans 5149 yes 6% 168
Citi AmEX 10580 yes 0 212
Citi Mastercard 0595 9166 yes 6% 185
Gap VISA 2504 yes 6% 85
american eagle 225 current
gordmans 800 current
tires plus 450 current
lending club 511 current
amex delta 991 current
looks like you got most of your cards set up in dmp already....i
looks like you got most of your cards set up in dmp already....if you can keep the payments up, that is your option. but as long as you are in a dmp with each creditor, they are not likely to even discuss a settlement... this is what i have found out myself as i was doing settlements... i only had one in a hardship program via the creditor, and due to that, there is no settlement chance...
